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Updated about 8 years ago,
OFF MARKET Mix use / Multi family value-add play in Ohio 25 unit
18 units residential multi-family, 7 units commercial all in one.
Solid C+/B class units in a very desirable suburb of Cincinnati right by major commercial chains (Planet Fitness, Autzone, CVS, HotHead Burrito, Donatos, BK, etc). Near all restaurants, schools, shopping, library, the mall, YMCA, banks, etc.
If you are (or represent) an active cash, 1031, IRA, or 401K buyer ready to buy, reach out today! This one will be sold by Monday guaranteed.
Price is firm at $795K. $150K Rehab. Happy to work with referral partners, add your fee on top. Gross monthly income will be $15K+ after rehab/lease up. Expenses are very low as tenants pay nearly everything! HUGE CAP Rate, GRM, and ARV Appraisal.
This is value-add due to owner not having funds to repair for years now. Must be cash and understand value-add. Financials are spotty for obvious reasons or we'd be selling at $1.5-1.6MM.
Management, GCs, and rehab crews in place ready to turn this into an absolute cash cow!